News

Nitin Gupta assumes charge as NFRA Chairperson on July 23, 2025, alongside new full-time members, enhancing the authority's ...
Technical input-export correlation is only for specific items under FTP 2023 para 4.29; other inputs only need name and quantity ...
CBDT approves IQRAA International Hospital And Research Centre for scientific research exemption from AY 2026-27 to AY 2030-31 vide Notification No. 125/2025- Income Tax | Dated : 24th July, ...
ITAT Mumbai ruled in favor of an assessee, allowing a short-term capital loss on share sales, stating that documented transactions aren't bogus merely due to a scrip being labeled as "penny ...
CBDT approves Gitarthganga, Ahmedabad for tax deduction under Section 35 for Social Science research, applicable from AY 2026–27 to AY ...
Bombay High Court rejects PCIT's appeal against Pacific Organics, citing ambiguous notice and follows Full Bench ruling in Mohd. Farhan A. Shaikh ...
The Madras High Court ruled that Faceless Assessment Officers, not Jurisdictional Assessing Officers, must issue assessment notices, citing Bombay High Court ...
Bombay High Court sets aside personal liability for One Person Company director in arbitration, upholding asset deposit by the company. Judgment clarifies Section 17 ...
Madras HC sets aside a GST assessment order, ruling that tax authorities cannot invoke extended limitation period under Section 74 without explicitly proving fraud, wilful misstatement, or suppression ...
This Court considering the nature of the cargo and considering the facts that the said cargo had arrived at Chennai Port on 29.11.2024, deemed it fit to direct Revenue to reconsider the impugned order ...
Telangana High Court sets aside assessment order against Durga Bhavani Enterprises, ruling the show cause notice was issued beyond the statutory limitation period under CGST ...
Gujarat High Court held that since provisions of DTAA would override the provisions of the Domestic Act where the provisions of the DTAA are more beneficial to the assessee. Thus, section 206AA of the ...